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2 mins read
EXCLUSIVE: New amendment to bankruptcy law has Prashant Ruia’s personal guarantee on its radar
India’s Finance Ministry is sitting on a new amendment to the bankruptcy law. That might be a big…
2 mins read
India badly needs bankruptcy experts — and this course could be your ticket to a hot, new career
India has a huge, emerging sector for helping distressed and bankrupt companies come out of financi…
1 min read
Jet Airways stock is suddenly up by 5%, even though the company has been shut for six months now
Once one of India’s leading airlines Jet Airways has been dysfunctional for over six months now. …
3 mins read
India puts a pause on new bankruptcy cases for a year — and other changes that will cap the rise in bad loans
"Any indebted situation that comes up because of coronavirus will not be considered as ‘default’ an…
1 min read
DHFL sets record as India's housing finance company to go bankrupt
The Reserve Bank on Friday sent the crippled Dewan Housing Finance Corporation (DHFL) to the ba…
PTI
2 mins read
India amends bankruptcy law to protect winning bidders from paying the price for sins of the previous promoter
The IBC (Second Amendment) Bill, 2019, is likely to be introduced in the current session of the…
PTI
3 mins read
NCLAT sets asides insolvency proceedings against Flipkart
Challenging the order of NCLT, Flipkart contended that the order was passed without appreciating t…
PTI
1 min read
OYO breathes easy as NCLAT orders a stay on insolvency proceedings against its subsidiary company
As OYO battled with reports of bankruptcy, which it said was inaccurate, and received an outpouring…
1 min read
NCLAT rejects insolvency plea against Sintex Prefab and Infra
"In view of the pre-existence of dispute, it is not desirable to decide whether the dispute raised …
PTI
1 min read
Personal insolvency beginning of a 'new learning', says Sahoo
New Delhi, Dec 1 () Personal insolvency framework will be the "beginning of a new learning" and the…
PTI
2 mins read
Work is on to amend IBC to address cross-border insolvency: Sahoo
Mumbai, Nov 30 () Insolvency and Bankruptcy Board of India chairman M S Sahoo on Saturday said work…
PTI
2 mins read
Homebuyers' body writes to Par panel opposing amendment in insolvency law
"The said amendment/insertions require a minimum threshold for homebuyers to come together in orde…
PTI
3 mins read
Recovery through insolvency process better compared to other options: IBBI chief
Citing an RBI data, he said it indicates that in 2018-19, banks recovered 5.3 per cent, 3.5 per ce…
PTI
2 mins read
Resolution professionals can make as much as ₹1.5 lakh a month and are in demand
Economic slowdown leads to job losses, but it there is a job that will thrive during bad times — th…
2 mins read
Insolvency law a 'Swachhata drive' against non-performing assets: IBBI chief
"As and when they find a problem, they try to address it as expeditiously as possible. The insolve…
PTI
1 min read
NCLAT stays NCLT directive to make MCA party to all insolvency cases
New Delhi, Dec 10 () The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed an order…
PTI
2 mins read
Govt raises default threshold to Rs 1 cr for invoking insolvency proceedings against firms
"Due to the emerging financial distress faced by most companies on account of the large-scale econ…
PTI
2 mins read
Liquidation process: Secured creditor cannot sell assets to entities ineligible for insolvency plan
New Delhi, Jan 7 () A secured creditor cannot sell assets of a company undergoing liquidation proce…
PTI
1 min read
Govt moves NCLAT against NCLT directive to make MCA party in all insolvency cases
New Delhi, Dec 5 () The government has moved the National Company Law Appellate Tribunal (NCLAT) ag…
PTI
3 mins read
Haircut on cases resolved through IBC not very encouraging, says Kotak report
Haircuts on cases resolved through the Insolvency and Bankruptcy Code (IBC) are still very high, ne…